Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ghana - 2022

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ghana (CIF) - 2022
  2. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ghana (FOB) - 2022
  3. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Ghana
  4. Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Ghana

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ghana (CIF) - 2022

In 2022, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $1,946 per ton, increasing by 25% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 32%. As a result, import price reached the peak level of $2,761 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,768 per ton), while the price for Russia ($586 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Ghana (FOB) - 2022

The average export price for cyanides, cyanide oxides and complex cyanideses stood at $2,236 per ton in 2022, declining by -23.9% against the previous year. In general, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of 15%. As a result, the export price attained the peak level of $3,748 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($18,191 per ton), while the average price for exports to South Korea ($1,628 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Ghana

In 2022, imports of cyanides, cyanide oxides and complex cyanideses into Ghana reached 12K tons, with an increase of 1.7% compared with the year before. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. As a result, imports reached the peak of 19K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses soared to $23M in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 109% against the previous year. As a result, imports attained the peak of $33M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Ghana (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia8.012.48.69.24.8%
South Korea5.610.05.77.711.2%
United States0.65.81.23.885.0%
China1.11.71.21.0-3.1%
JapanN/A2.81.30.9-43.3%
Russia0.20.30.20.314.5%
Others0.40.10.10.57.7%
Total15.933.218.423.313.6%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Ghana in 2022:

  1. Australia (5.3K tons)
  2. South Korea (3.9K tons)
  3. United States (1.4K tons)
  4. China (0.4K tons)
  5. Japan (0.4K tons)
  6. Russia (0.4K tons)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Ghana

In 2022, overseas shipments of cyanides, cyanide oxides and complex cyanideses were finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses skyrocketed to $2.4M in 2022. Overall, exports, however, continue to indicate a perceptible reduction.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mali1,378739691888-13.6%
South Korea31.842.699.5813194.6%
Cote d'Ivoire1,034848730529-20.0%
Others227131132182-7.1%
Total2,6711,7611,6522,412-3.3%

Top Export Markets for Cyanides, Cyanide Oxides and Complex Cyanides from Ghana in 2022:

  1. South Korea (499.5 tons)
  2. Mali (368.1 tons)
  3. Cote d'Ivoire (209.2 tons)

Source: IndexBox Market Intelligence Platform

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